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Leonicorn Swap divulges future plan of action post exploit
9.1.2023
It was the day when Leonicorn Swap happened to have launched its reward-sharing model. On the same day, an apparent hacker somehow managed to gain access and took away all of the tokens contained in their den or their reward pool. This included 360 million $LEON, equivalent to approximately 22,000...
RPC endpoints run by Solana Foundation go offline
9.1.2023
Solana Status sent out a tweet to let people know that RPC endpoints run by the Solana Foundation aren’t working right now because a bug was found in the test release 1.14. Members have been asked to switch to the 1.13 test release until the team does the repairs. Unlike earlier times, block...
Russians Set to ‘Turn to Crypto En Masse’
9.1.2023
A Russian professor has claimed that “mass” crypto adoption is on its way in the country – with interest in digital versions of the Chinese yuan and the ruble also spiking.
Per V1, the crypto forecast was delivered by Igor Belskikh, a Doctor of Economics, and Professor at the Department...
Brett Harrison Formerly FTX US President Surfaces on Twitter - What Does He Know?
9.1.2023
Brett Harrison, former president of the now-bankrupt cryptocurrency exchange FTX US, has said he will share more details regarding the exchange when the time is good.
In response to a Twitter user who asked Harrison what did he know about FTX US and when did he know it, he replied, "I’ll share...
Are Federal Prosecutors About to Indict Binance as Hedge Funds Face Subpoenas
8.1.2023
US authorities have sent subpoenas to American hedge funds and market-making companies dealing with Binance, the world’s largest cryptocurrency exchange, asking for records of their communications with the exchange.
According to a Saturday report from the Washington Post, the U.S. attorney’s...
LG Electronics Steps up Smart TV-Metaverse Drive
6.1.2023
The South Korean tech titan LG Electronics has announced that it will intensify its metaverse activities. And the firm claims that a new deal will allow it to bring Web3 and metaverse experiences to owners of its smart TVs.
The company, which made multiple metaverse-related pledges at the 2023...
SEC Moves to Block Binance.US Attempt to Buy Distressed Assets of Voyager Digital
6.1.2023
The SEC has objected to an attempt by the American franchise of Binance to buy up assets from the bankrupt crypto lender Voyager Digital, saying more information about the deal is needed.
The “limited objection” from the SEC came in a court filing on Wednesday, where the SEC said Binance.US in...
StarkWare’s Cairo upgrades to rust-inspired Cairo 1.0
6.1.2023
StarkWare, a scaling solution provider, tweets about the new launch of their first public version of Cairo 1.0. However, Cairo was first brought into public in 2020, which efficiently wrote STARK-provable programs. However, the new version Cairo 1.0 is a Rust-inspired language, which would help...
Binance has Grabbed Two-Thirds of all Crypto Trading Volume – What Happened to the Decentralization of Finance?
6.1.2023
Binance, the world's largest cryptocurrency exchange, has remained the leader in the space, ending 2022 with a 66.7% market share compared to 48.7% at the start of the year.
According to a report from CryptoCompare, Binance accounted for 66.7% of all trading volume on centralized crypto exchanges...
Silvergate Bank Suffers Run on Deposits as $8.1 Billion is Withdrawn - Will it Go Bust?
6.1.2023
Silvergate Capital, a crypto-focused bank, suffered a bank run following the collapse of cryptocurrency exchange FTX, which forced the company to sell assets at a significant loss in order to honor $8.1 billion worth of customer withdrawals....
Read More: Silvergate Bank Suffers Run on Deposits...
ChainSafe & Aztec Network’s integration proposes to solve ENS privacy issues
6.1.2023
ChainSafe Solutions takes the opportunity of sharing the proposal that it has forwarded at the Ethereum Name Service (ENS) DAO weekly ecosystem meeting on the 8th of December, 2022. The prime issue that the company was dealing with and seeking solutions for ENS privacy issues. It was a detailed...
Silvergate in Trouble: Crypto Bank Cuts Staff by 40% Amid a 68% Decline in Crypto Deposits
5.1.2023
Trouble is brewing for crypto bank Silvergate as the company cuts staff by 40% and sells assets at a loss to cover $8.1 billion worth of customer withdrawals. Furthermore, the company's crypto-related deposits saw a 68% decline in the fourth quarter of last year.
According to a Thursday report by...
Coinbase to Pay $100M to Settle New York Regulators' Anti-Money Laundering Complaints
5.1.2023
The US crypto exchange Coinbase has agreed to shell out a total of $100m to settle a complaint relating to “certain historical shortcomings” in its regulatory compliance work.
The massive amount Coinbase is expected to pay is made up of a $50m penalty to the regulator, as well as another $50m...
Crypto Brokerage Genesis Global Trading Asks for More Time to Resolve Lending Issues – What is Going On?
5.1.2023
Derar Islim, the interim CEO of crypto brokerage Genesis Global Trading, has told clients that they need more time to resolve the financial crisis plaguing its lending business.
In a statement on Wednesday, Islim claimed that they will be able to sort out the current tough financial position...
‘Brazilian Nostradamus’ Predicts Messy End for Crypto
5.1.2023
A South American psychic known as the “Brazilian Nostradamus” has forecasted a catastrophic end for the world of crypto, claiming that governments around the world will come gunning for bitcoin (BTC) and the like.
Per the Brazilian media outlet Livecoins, the predictions were made by Athos Salomé...
Indonesia to Launch Crypto Exchange This Year as Regulatory Powers Shift to Financial Services Authority
5.1.2023
Indonesia plans to launch its crypto exchange in 2023 amid a financial sector reform that will see a shift in regulatory powers over digital assets to the Financial Services Authority.
Didid Noordiatmoko, head of the Commodity Futures Trading Regulatory Agency of Indonesia (Bappebti), said...
Sam Bankman-Fried Pleads Not Guilty to Criminal Charges in ‘Epic’ FTX Cryptocurrency Exchange Fraud – This is All You Need to Know
4.1.2023
FTX founder Sam Bankman-Fried pleaded not guilty in a New York court on Tuesday, where the judge scheduled the trial against the former crypto mogul to begin in the fall.
US District Judge Lewis Kaplan decided during Tuesday’s hearing that Bankman-Fried’s trial will begin on October 2 this year....
Ukrainian Investigators Raid Illegal $4m Crypto Exchange
4.1.2023
Ukraine’s new economic intelligence unit has unearthed a “cryptocurrency conversion center” – an illegal crypto exchange – with a “turnover of hundreds of millions of hryvnias.”
The Bureau of Economic Security of Ukraine (BEB), per a report from LB.ua, claimed that its officers had “exposed...
India's Crypto Space Has Been "Crippled" Under Crypto Tax Laws: Report
4.1.2023
India's crypto industry has been "crippled" under the country's controversial tax laws in 2022.
According to a new report by Esya Centre, a Delhi-based technology policy think tank, Indian crypto investors have moved over $3.852 billion (INR 32,000 crore) worth of digital assets from local...
South Korean Prosecutors Fail in Bid to Jail Ex Bithumb Boss
4.1.2023
South Korean prosecutors have been thwarted in their efforts to send the former head of the crypto exchange Bithumb to prison for eight years.
Per TVChosun, a branch of the Seoul Central District Court acquitted Lee Jung-hoon on fraud charges. Lee had been accused of wrongdoing in a case dating...